In This Article:
NOTICE OF THE ANNUAL GENERAL MEETING, ITS AGENDA AND PROPOSED RESOLUTIONS
Dear shareholder of Arco Vara AS,
Notice is hereby given that the annual general meeting of Arco Vara AS (registry number 10261718; registered office at Rotermanni 10, Tallinn) will be held in Tallinn at at F-Hoone Must Saal (address Telliskivi 60a/4) on 17 May 2023 at 5:00 pm.
The general meeting will be followed by an investor event - the event is free of charge and does not require ownership of Arco Vara shares.
The agenda of the annual general meeting:
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Approval of the annual report for 2022
The Supervisory Board proposes to the shareholders:
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To approve the annual report of Arco Vara AS for 2022.
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Distribution of profit and dividend payment
Management Board in accordance with Supervisory Board proposes to the shareholders:
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To allocate the net profit for the year ended on 31 December 2022 in the amount of 695 thousand EUR to retained earnings;
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to pay dividends to the shareholders 0.06 euros per share. The dividend will be paid out in 4 instalments as follows:
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0.02 euros per share will be paid to the shareholders on 15 June 2023 by transfer to the shareholder's bank account. The list of shareholders entitled to respective dividends (record date) shall be fixed on 8 June 2023.
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0.01 euros per share will be paid to the shareholders on 15 September 2023 by transfer to the shareholder's bank account. The respective dividend record date is on 8 September 2023.
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0.02 euros per share will be paid to the shareholders on 15 December 2023 by transfer to the shareholder's bank account. The respective dividend record date is on 8 December 2023.
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0.01 euros per share will be paid to the shareholders on 15 March 2024 by transfer to the shareholder's bank account. The respective dividend record date is on 8 March 2024.
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Approval of additional share option program
Management Board in accordance with Supervisory Board proposes to the shareholders:
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To approve the share option program in accordance with the conditions described in the materials of the Annual General Meeting made available to the shareholders.
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Approval of Arco Vara AS’ Management Board remuneration policy
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To approve Arco Vara AS’ Management Board remuneration policy in accordance with the conditions of the Management Board’s remuneration policy among other materials of the Annual General Meeting made available to the shareholders.
The materials of the annual general meeting will be available on the website of Arco Vara AS at www.arcovara.com and in the registered office of Arco Vara AS at Rotermanni 10 Tallinn on business days from 9:30 am to 5:00 pm.